Date
Details
Price
Change
Source
6/24/2026
Listed
$189,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/23
$189,000 Just Listed
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1/23
Property Description
Historic redevelopment opportunity in downtown Klamath Falls. Formerly the iconic Arcade Hotel, this four-story commercial building offers approximately 10,500 sq.ft. and exceptional potential for investors, developers, or adaptive reuse projects. Original features include a distinctive brick facade, tall lobby ceilings, Douglas fir flooring, and original wood banisters. Upper floors have been taken down to the studs, creating a blank canvas for restoration. Recent improvements include roof repairs, debris removal, a new 400-amp meter main, new 400-amp sub panel, and a new sewer line in the building, providing a cleaner start for redevelopment. Zoned General Commercial with public utilities available. The building requires substantial rehabilitation, including seismic retrofit. Previously selected for Oregon Main Street Revitalization Grant funding. Buyer to perform all due diligence.
Full Property Details
Full Property Details for 1028 Main St
General
- Price: $189,000
- Taxes: $3,317 (2025)
- Status: Active
- Type: Commercial Residential Facility
- Source: ODS
- MLS ID: 220224002
- Updated: 6/25/2026
- Added to Site: 5 day(s) ago
Interior
- Interior Features: Vaulted Ceiling(s)
- Flooring: Hardwood, Other
Parking
- Parking Features: Alley Access, On Street
Location
- Area: 10500
- County: Klamath
- Subdivision: Klamath Falls -Nichols Addition
- Cross Streets: N. 11th St/S. 11th St
- Driving Directions: Take OR-39 N, Turn Left on US-97 BUS S/Esplanade Ave. Continue straight onto Main St. Property is on the Left.
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick, Frame
- Basement Desc.: Partial, Unfinished
- Foundation: Concrete Perimeter
- Roof: Membrane
- Common Walls: 1 Common Wall
- Windows: Wood Frames
- Square Feet: 10,500
- Sq. Ft. Source: Assessor
- Year Built: 1920
Lot Features
- Property View: City, Territorial
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 3,920
- Zoning: CG
Financial Considerations
- Price Per Sq. Ft.: $18
- Tax Amount: $3,317.65
- Tax Year: 2025
- Terms: Cash
Disclosures and Reports
- Special Conditions: Standard
- APN: 413733
- Section: Not Applicable
- Block: 49
- Lot Number: 1011
Listed by Coldwell Banker Holman Premier (541) 884-1343, Nataliya Hamilton (775) 690-2537
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Listing agent
— 1028 Main St —
Nataliya Hamilton
Coldwell Banker Holman Premier
541-884-1343
NMLS#: 1598647
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Schools
Schools serving 1028 Main St
School District:Klamath Falls City Schools
| Name | Grades | Distance |
|---|---|---|
Mills Elementary School 520 East Main Street, Klamath Falls, OR 97601 | K-5 | 0.7 mi |
Ponderosa Junior High School 2554 Main Street, Klamath Falls, OR 97601 | 6-8 | 0.9 mi |
Klamath Union High School 1300 Monclaire Street, Klamath Falls, OR 97601 | 9-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1028 Main St
Tax History
Tax History for 1028 Main St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,318
2%
$193,730
3%
2024
$3,240
4%
$188,090
—
2023
$3,111
284%
$188,090
255%
2021
$811
—
$52,980
1%
2022
$810
—
$52,570
4%
2021
$811
3%
$50,630
—
2019
$787
13%
$50,630
13%
2018
$695
10%
$44,660
9%
2017
$634
7%
$40,850
7%
2016
$592
-16%
$38,140
-17%
2015
$708
8%
$45,760
—
2014
$658
-6%
$45,760
-5%
2013
$697
—
$48,240
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1028 Main St
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- Manufactured Home
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- Updated 6 days ago
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- 1Total Bath
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- Commercial Service
- Closed
Listed and Sold by Infinity Real Estate Group-Keller Williams Realty Southern Oregon, Lu Gastaldi
- Single Family
- Closed
- Updated 6 days ago
- 3Beds
- 3Total Baths
- 1,757Sq. Ft.
Listed by John L Scott Real Estate Grants Pass, Jed Joling
Sold by Keller Williams Realty Southern Oregon, Liz Puffenbarger
Sold by Keller Williams Realty Southern Oregon, Liz Puffenbarger
- Single Family
- Sold
- 3Beds
- 2Total Baths
- 1,015Sq. Ft.
Listed by HomeSmart Realty Group, Chris Forrette
Sold by Non Rmls Broker, OR and WA Non Rmls
Sold by Non Rmls Broker, OR and WA Non Rmls
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,015Sq. Ft.
Listed by HomeSmart Realty Group, Chris M. Forrette
Sold by Action Realty, Anita Matys
Sold by Action Realty, Anita Matys
1028 Main Street, Klamath Falls, OR 97601 (MLS# 220224002) is a Commercial Residential Facility property. 1028 Main Street is currently listed for $189,000 and was received on June 24, 2026. Want to learn more about 1028 Main Street? Do you have questions about finding other Commercial Residential Facility real estate for sale in Klamath Falls? You can browse all Klamath Falls real estate or contact a Coldwell Banker agent to request more information.